Get started

Oilcrude

😱 USOIL, WTI — CRASH EXPLAINED! 🤫🤫🤫👋Hello people! This is the topic of the day. In short video I explained basics of this price action. 👇 Why it is happening! Can I buy Oil cheap now? Global recession?! Will other markets follow? 👇 Not really. But this is example of Futures trading. And new traders should understand one simple rule — Everything Can Happen! Thanks for your attention! Recommend to put like below this video! 👍💗🧡 Write in comments what you think :) ☁︎ Stay tuned to Artem Crypto !
NYMEX:CL1!
by ArShevelev
82
Oil - Zig Zag Correction to $32Between October 2017 and the beginning of 2019, we have seen a 5 wave move from the mid 70's to the low 40's. Any move that starts with a 5 wave move will end with and at least an equal 5 to complete what is called a Zig Zag pattern. The was a correction back to test the bottom of the previous wave. This didn't complete a 5 wave move, therefore this must be a 3 wave corrective move, which is the pattern that sits in the middle of a Zig Zag. An equal move for the top of the 3 wave pattern put the target for oil at $32. This is confirmed by the RSI failing to get over 60 and forming a double top formation. The entry begin the crossing of the RSI moving averages. We also saw a large move in the Composite Index, were price did not follow (purple arrow) and a divergence with the RSI giving weight to the analysis. Any time a indicator moves a great distance and price does not move, and your position is in the direction of the indicator, you are on the wrong side of the market. This target of $32 is very conservative, as some Zig Zag patterns can run to 1.618 % of the first 5 wave move. We won't see oil sit a this level for very long, as Zig Zag corrections are a quick and fast way for the market correct, before making a larger move higher.
OANDA:WTICOUSDShort
by TRADER-RI
Oil Dead Cat Bounce Looking for Proper RejectionThe recent oil dead cat bounce that started at the $45 support level has been struggling and has shown obvious weakness, but the bullish momentum is still intact. This is known by the sequential green count of TD indicator. We are now on a green 7 candle; two more green counts to complete a TD sell setup. However, there is major resistance ahead in the $60 to $63 zone. I will not discuss why I believe this is a dead cat bounce nor why I believe a bottom hasn't formed. The overhead resistance cluster comprises the following: Two established horizontal levels at $60 and $63. The 0.236 Fibonacci retracement level when drawn from the $148 high of June 2008. The moving averages: 30-week around $60 and 50-week around $63. Price may either get rejected directly by this resistance cluster or get stuck in that zone until it is squeezed between the 30-week and 50-week moving averages into a golden cross, at which point we need to re-evaluate. However, I find it much more probable to be rejected given the weakness of the current dead cat bounce. If it is rejected, then I believe it will re-test the $45 support level. Check my linked idea on Brent oil futures.
NYMEX:CL1!Short
by TechNerdOmar
Oil Technical Analysis: OIL slumps to 2-week low near $62.00 The market is likely going to continue to decline towards 62.00 level. The next supports in line are seen at 61.80 and 60.50. OIL 61.80 level H4 200 ma Moving Average, So Oil Take a Buy position 61.00 and 60.50 Area. OIL Daily 200 ma Moving Average 62.60 level breakout and stable this level short Sell 62.50/62.00 level take profit 61.90 and 61.50 Area. Another side of OIL Stable 62.60 level buy this position, Target 63.50 and 64.00. Oil Resistances are seen at 64.00 and 65.00 level. Daily SMA100 55.66 Daily SMA200 60.56 Previous Monthly High 60.78 Previous Monthly Low 54.79 Daily Fibonacci 38.2% 65.45 Daily Fibonacci 61.8% 65.76 Today last price 63.02 Today Daily Change -2.12
OLong
by Saleh11
TRAILING CRUDE OIL PRICE ACTION- WHEN TO SELL!Thought I should make another crude oil analysis as market did hit the top of the channel line which i am expecting a drop from here, however still waiting for my last signal on the 4 hr view for downside confirmation. Here is my other crude oil analysis which you should find quite informative; DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT IDEAS, LIKE, FOLLOW, SHARE ~ THANKS! ~
FX:USOIL
by Dani0
CRUDE OIL ON A SUPER BEAR TREND CYCLE? INSIGHT FULLY EXPLAINED!If you have been paying attention to oil then you would have noticed prices dropped from $76 to $54 in the space of a month and even more impressive is the very recent drop of $6+ in the span of around 24hrs, which was a jaw dropper for me. Just 2 months ago when market was still slowly climbing uphill I had outlined support areas for when market goes into retracement, which can also serve as resistance areas depending on your outlook. Little did I know we were soon to go into a huge and fast bear trend. Now as market has been dropping, it has smashed through much (though not all) of my support/resistance lines which are usually depicted with yellow lines on my chart. So upon observing this major drop, I had to take a closer look at market beyond the daily here to see what weekly and monthly depicted and I saw the bigger picture in motion. Prices were exactly at these levels in November last year so current prices is not a coincidence. Market is following its steps back and as a super bear trend, the chances of market to continue on path to its history looks very much likely. Bear trend was also confirmed on the weekly with the double top that played out when market hit mid $70s twice before finally taking an official downturn. You can see both tops are in alignment where the candle bodies are aligned, this is highlighted by my pink line in the chart and also labled. Double Top: The double top is a frequent price formation at the end of a bull market. It appears as two consecutive peaks of approximately the same price on a price-versus-time chart of a market. The two peaks are separated by a minimum in price, a valley. The price level of this minimum is called the neck line of the formation. The formation is completed and confirmed when the price falls below the neck line, indicating that further price decline is imminent or highly likely. en.wikipedia.org Now on the weekly based on it's history, the bottom of current support is $56 with the wick down to $54, hence why we see market swimming at current prices, but I believe this will not hold and after some retracement going up that is in high order, market will continue on its sinking path and the next support is at $45 with the candle wick all the way down at $41. After this, next support is $33 with wick all the way down to $25 and this ladies and gents is where the super bull trend cycle originally started it's journey. Also, looking at the CM_Ult_Macd indicator, this was first to highlight the bear trend, first on the daily, then weekly and past few days the monthly MacD just broke into a bear too, next indicator is the CM_Ultimate_MA, this usually depicts bear trend slower than the MacD but it is bear on the weekly, yet to depict on the monthly. Also prices are inside ichimoku cloud on the monthly which does not look good for the upside while the weekly and daily view have prices under the cloud which indicates market to be in bear trend on those outlooks. So it would seem prices are pretty much bear and the only thing barely holding prices up is monthly outlook. Now for the retracement going up(which is in high order), we may possibly see $58/59, but if a wick is decided to form on the monthly view it may take us into the $60s but would stick to the lower end of $60s. This retracement may or may not play out, so not guaranteed but hopefully it does so I can get a better sell position for more profit as I unfortunately exited my sell at $58 prior to seeing the bigger picture at play. Now I charted this using weekly outlook to show the double top and why market sits at current prices but will shortly update with the bigger picture that ties everything together, which is the monthly view. Here you should better see why the target prices are chosen on a further drop so stay tuned. Here is a chart i made putting together with a few well-crafted indicators by some great creators on tradingview. It allows you to tail trail oil market intraday on the 3 minute view. I hope many of you find this helpful, i use it to trade myself :) www.tradingview.com Here is a link to understand better what this little tail trailer will be showing you. en.wikipedia.org Furthers Tips; Alternative to trading Crude Oil is Brent Oil, this market moves like an identical twin to Crude they mirror images of eachother. Polar opposite to both markets is Natural Gas, this market moves in the complete opposite to Crude and Brent atleast 90% of the time so although I am yet to analyze NG market, it has not failed to meet expectations in contrast to crude movement in the past year of my observations. Also Apple Market is another market I've been trading the past 2 months, prices have been sinking and I see a bottom of 160s which should playout within the next 4months so watch that space closely. You can either get in on further drop or if not confident then wait for bottom and get in to buy market up when it gets back to bull trend. If you have enough funds and want to be like Warren Buffett, invest and HODL for the long term, then look for markets that have bottomed out, get in and hold for years because the only way is up, one of many I spotted is Platinum, which i will link my chart to this post, feel free to check it out. Oh and the period for crypto to take a turn for the upside is upon us again so look into that. If you notice, many markets are on a superbear cycle and I predicted beginning of this year that markets are due for a crash and once this happens, much of the money will jump into crypto. Now call me intuitive but I see this has started playing out in the past few months. Look at major stock markets! If it helps, I am a hodler in Tron, Bitcoin, Ripple and few others via binance platform. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN LIKE, FOLLOW & SHARE.
TVC:USOIL
by Dani0
4